12 days ago • Posted by William Ramstein
Inventories bottom: demand for cars booms, supply side can't keep up.
We are seeing an unprecedented dent in inventories. Total auto inventories at the end of last month fell from 2.4M to 2.0M units. April inventories levels are down 40% YoY, the lowest level seen in the last decade. This decline is a function of a booming demand and ongoing supply chain issues. April 2021 saw 18.5M units sold (May expects 17.5M). April 2020 saw 8.4M units sold... Its a bad time on the global shipping and supply chain stage, it's fantastic however to be a car salesperson.